The Myanmar Investment Commission (MIC) meeting (4 / 2020) was convened at the meeting room of the MIC on 6th March, 2020 in Yangon. U Thaung Tun, Chairman of the MIC, Dr. Than Myint, Vice Chairman of the MIC and (9) members attended the meeting.
The meeting approved (6) new projects in the manufacturing sector, agriculture sector, livestock sector and other services sector including capital rising of (9) existing projects. The amount of USD 131.125 million and Kyat 113,810.335 million have been approved for those projects which will create 2,850 job opportunities for Myanmar citizens.
By the end of January 2020, the countries with the largest investment in Myanmar were Singapore, People’s Republic of China and Thailand. The top sector is oil & gas sector, accounted for 26.70%, followed by the power sector, accounted for 26.45% and manufacturing sector, accounted for 14.03% of the total permitted amount of foreign investment.
